A serious car accident doesn’t just ruin your car, it can affect every aspect of your life for months, sometimes years. Car accidents can be extremely traumatic and unfortunately are a very common fact of life. It’s not just having to deal with damage to your car or the other driver’s car, it is also most likely that you may be suffering from a personal injury. Now what? Call up the car insurance company and hope for the quickest settlement possible, right? Get it over with as soon as possible, get it figured out about how to total out your car, pay your Dr. bills, and then hopefully be able to buy another car sort of like the one you had. Get it all over with as quickly as possible. But wait, is this the right course of action? More than likely, no.In most automobile injury accident cases, you would be better off to have a car accident attorney to help you reach the best settlement possible from the insurance companies. Regardless of the liability – if you were responsible, or another party was, you need your own personal injury lawsuit attorney to be on your side. Your attorney will represent you against the big insurance companies. Remember, the insurance company doesn’t have your best interest in mind, they want a quick, cheap settlement. Over and done with, possibly leaving you with future Dr. bills you can’t pay, injuries you didn’t even know you had, and money lost from time off of work.Your personal injury attorney will guide you through the often confusing maze of the insurance and legal process, possibly resulting in a car accident lawsuit. Before that legal action happens, perhaps your attorney can help you avoid the lawsuit by reaching a settlement with the insurance company. What can you expect from a car accident claim? There are several different areas from which you may receive a settlement.Payment for medical injuries suffered in the car accident are one of the most common. The term medical injuries includes any damages you may be able to claim for injuries caused by the auto accident The most widely claimed injury is commonly referred to as a whiplash injury. While whiplash injuries can be extremely painful and often are long lasting, these are relatively minor. There are many more serious injuries which are commonly suffered such as paralysis, head trauma or a loss of limb. Some of the most common injuries suffered in an automobile accident are stiffness and muscular pain in the neck and back and extremities. Proper diagnosis early in the process is critical in establishing what to expect in terms of ongoing and future medical care.You may also be able to put in a claim for mental and or emotional injuries. This would most generally be along the lines of anxiety, apprehension, and possible depression. If the car accident caused you to miss work or other normal activities, you may be entitled to compensation. In addition, you may also be able to make a claim for other losses from the car accident. These losses may include damage to clothing or personal property such as cell phone, car seats, or any item in your car at the time of the accident.
“The car has become a secular sanctuary for the individual, his shrine to the self, his mobile Walden Pond.” – Edward McDonaghCars are not just a mode of conveyance for us. We love cars and wish to own one that gives extreme joy and social status as well. If you are looking for a car, you must concentrate on obtaining car loans. It is because the sky-rocketing prices of cars have made it impossible to buy a car with cash.When you apply for a car loan, your credit score is taken into consideration with several other factors. If you have bad credit score, like most other people who have suffered through the economic recession, you will have to remain extremely cautious. It is because a single mistake can result in unnecessary high interest rates. It may even damage your chances of improving your credit score. So, here is a list of essential tasks that you should assume in order to complete the car buying process successfully:TASK 1 – PREPARING FOR BAD CREDIT CAR LOANA. Create A BudgetCalculate your budget so that you don’t buy a car that is not in your price range. If you ascertain your spending limit, it will help you in negotiating affordable loan payments with the lender. If you are confused about what income and expenses to consider, you can use online car loan calculators available in the market.B. Save for Down PaymentMost lenders offer high rates on bad credit auto loans. If you obtain a huge loan amount, you will have to spend more money on interest. But, you can turn this losing situation into a victory by making down payment. Down payment will lower your loan amount and will help you in making lower payments as well.But, don’t worry if you don’t have money for making down payment. You can trade-in your old car and avoid paying in cash. There is one more alternative to help you avoid down payment and it is called bad credit no money down auto loan program. You can avail this loan program at slightly higher interest rates.C. Complete PaperworkBad credit lenders have become lenient and made approval easier. So, you won’t need additional documents for securing bad credit auto loans. You just have to provide:1. Identification Proof (SSN)
2. Income Proof (Employee Verification Letter, Recent Pay-Stubs)
3. Financial Statements (Bank Details, Tax Information)
4. Receipts of Utility BillsTASK 2 – APPLYING FOR BAD CREDIT CAR LOANGone are the days when bad credit car buyers had no place to apply for an auto loan. Today, you can get bad credit car loans from:1. Online Auto Financing Companies
2. Car Dealerships
3. Credit Unions
4. Traditional Banks and Other LendersBefore you start submitting loan applications to everyone, make sure that you understand their loan approval criteria and apply with the lender/dealer that suits your
financial condition.Usually, online companies have the least stringent requirements and higher approval ratio. It is because they work with a network of sub-prime lenders and dealers. So, they have the advantage of forwarding your application to other lenders if the first one rejects it.So, search for a reputed online auto financing company and apply for the most suitable auto loan option that improves your credit ratings. Hope you become successful in finding the best bad credit auto loan program. All the best!